Every license in force and effect under the former provisions of this article, relating to cashing checks, drafts, or money orders for consideration, on July 1, 2014, shall remain in full force and effect on July 1, 2014, and all such existing licensees shall be required to renew their licenses pursuant to Code Section 7-1-704.
(Code 1981, §7-1-709.2, enacted by Ga. L. 2014, p. 251, § 2/HB 982; Ga. L. 2015, p. 5, § 7/HB 90; Ga. L. 2016, p. 864, § 7/HB 737.)
Code Commission notes.- Pursuant to Code Section 28-9-5, in 2014, "July 1, 2014," was substituted for "the date of enactment of this article" and "July 1, 2014" was substituted for "the effective date of this article" in this Code section.
Editor's notes.- Ga. L. 2015, p. 5, § 7/HB 90, incorrectly referenced the language near the beginning of this Code section as "Article 4 of Chapter 1 of this title."
ARTICLE 5 INTERNATIONAL BANKING CORPORATIONS AND BANK AGENCIES
Law reviews.
- For article discussing limitations on the establishment and transaction of international banking in Georgia, see 27 Mercer L. Rev. 629 (1976). For article, "The Power Few of Corporate Compliance," see 53 Ga. L. Rev. 132 (2018). For note discussing the interrelationship between the International Banking Act, the provisions of the Financial Institutions Code relating to domestic banking, and the Foreign Corporations Chapter of the Corporation Code in the regulation of international banking in Georgia and comparing Georgia provisions with those of New York and California, see 27 Mercer L. Rev. 827 (1976).
OPINIONS OF THE ATTORNEY GENERAL
Determination of whether international banking corporation is a bank for tax purposes.
- Determination of whether an international banking corporation which plans to open an agency office in state is a bank for tax purposes should be based upon operation and legal powers of proposed agency office. 1976 Op. Att'y Gen. No. 76-105.
International banking corporation whose sole contact with Georgia is the corporation's operation of an agency office licensed under the statutes (see O.C.G.A. § 7-1-710 et seq.) is not a bank for purposes of Georgia revenue statutes. 1976 Op. Att'y Gen. No. 76-105.